Ayana Renewable Power Secures 140 MW Round-the-Clock RE Project at ₹4.35/kWh
Ayana Renewable Power, a subsidiary of NTPC Green Energy's joint venture, won a 140 MW capacity for Round-the-Clock renewable energy projects in an e-reverse auction by REMC Limited. The company secured the project at a competitive tariff of ₹4.35/kWh. This achievement is part of a larger 1000 MW auction and represents a significant step in India's renewable energy sector, particularly in developing stable, round-the-clock power supply from renewable sources.
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NTPC Green Energy 's subsidiary, Ayana Renewable Power Private Limited, has emerged victorious in a recent e-reverse auction conducted by REMC Limited. The company secured a 140 MW capacity for Round-the-Clock (RTC) renewable energy projects at a competitive tariff of ₹4.35/kWh.
Key Details of the Auction
| Aspect | Details |
|---|---|
| Winning Company | Ayana Renewable Power Private Limited |
| Parent Company | ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy Limited and ONGC Green Limited) |
| Auction Organizer | REMC Limited |
| Project Type | Round-the-Clock (RTC) Renewable Energy |
| Capacity Secured | 140 MW |
| Tariff | ₹4.35/kWh |
| Total Auction Capacity | 1000 MW |
Significance of the Project
This successful bid marks a significant step in India's renewable energy sector, particularly in the development of round-the-clock power supply from renewable sources. The project aligns with the country's goals to increase its renewable energy capacity and reduce dependence on fossil fuels.
Round-the-clock renewable energy projects are crucial for addressing the intermittency issues associated with solar and wind power. By securing this 140 MW capacity, Ayana Renewable Power is contributing to a more stable and reliable renewable energy grid.
About Ayana Renewable Power
Ayana Renewable Power Private Limited is a key player in India's renewable energy landscape. As a wholly owned subsidiary of ONGC NTPC Green Private Limited, it benefits from the expertise and resources of two major Indian energy companies - NTPC Green Energy Limited and ONGC Green Limited.
The joint venture structure of its parent company, with equal participation from NTPC and ONGC, combines the strengths of both organizations in the pursuit of green energy solutions. This win in the REMC Limited auction further solidifies Ayana's position in the renewable energy market and demonstrates its commitment to India's clean energy transition.
As the renewable energy sector in India continues to evolve, projects like this are expected to play a crucial role in shaping the country's energy future and contributing to its climate change mitigation efforts.
